Friday, April 16, 2010

Buying Ebay Information Products

There are literally thousands of ebooks and books available about buying and selling on Ebay. When you are purchasing Ebay information products, your goal is to learn something from every ebook, video or audio that you purchase.

Most information products offer you a 60 day or more money back guarantee. In all of my years on the internet, I have only returned three or four products because I felt that they provided no real direction. The majority of them, I keep. I also feel a bit obligated if I used any of their suggestions from their material to be honest about it and not ask for a refund. Just about every publication you order will offer something new. If it doesn't, then send it back.

There is NO magic potion that will make you an ebay powerseller or ebay seller overnight. In fact, it may take years to build a business that supports you. The only exception to that is for the person who has money to spend on inventory up front or a major corporation that already exists. Those types of individuals can start up quickly and earn lots of money on Ebay.

You will need to read many types of books on buying ebay information products. You will need information on how to set up your ebay business to attract buyers, how to make your pictures more appealing, how to build lists of potential buyers, how to set up your ebay store and much more. A lot of this information is free on the internet, but it's also very time consuming to find it. When someone has taken the time to compile the information, it's well worth the money. I often equate it to how much my time is worth per hour vs doing the research for something.

Tuesday, April 13, 2010

Working Everyday Buying and Selling on Ebay

Working Everyday Buying and Selling on Ebay can be a way to make some extra money every month.

You can get great deals at odd times of the day or with middle of the night or late night ending auctions. You can buy low and then resell the same item. I've done that many times.

The key to some success when you are first starting is to find items that you do not have to pay for or have already been paid for that are just lying around your house. Ask family and friends for items that are in good shape that they are no longer using or that they want to give away. Offer to clean out an old attic in exchange for being able to keep some of the items you find.

Don't get too crazy though. Not everything you think is great will sell. What you should do is take a picture of items that you think you want to sell with your cell phone. Take a look to see if the item has a unique signature and make a note of it. Sit at a computer and do a little research to see if your item is being sold on Ebay already. Make sure you have opened an Ebay account. Once you have, login. Type in the name of your item. You will hopefully get some search results. Make sure your spelling is correct the first time or even use a common misspelling to find your item (that's a secret to getting some good deals when buying). Then, go to the left column and find the words "completed listings". Hit the search bar again with your keywords (your item description or title).

Once you see the completed listings in green, that will give you some idea if your item will sell and if so, how much it sold for. If it looks like a good seller, bring it home with you and take pictures. Then look at the existing listings that have sold. Don't copy the other listings exactly and don't steal their pictures. You can create a similar listing in your own words. Be descriptive, not corny. Your title should be descriptive as well. Don't put words like "LOOK" or SCREAM AT YOUR BUYERS IN CAPITAL LETTERS!. Just describe: vintage japanese cloisoinne vase new in box (for example). Put lots of pictures in your auction.

Every day, find an item by doing this same type of research. By working a little bit everyday either buying discounted items and then reselling them or selling items you have on Ebay, you can make extra money, even with the Ebay and paypal fees.

Thursday, April 8, 2010

Understanding Handling Charges On Ebay

Many times Ebayers will send emails asking why the handling charges are so high. From the sellers standpoint, most of the times, handling charges are actually way too low.

Ebay and paypal fees have gone up dramatically. In my own experience, I take a loss on shipping every time I sell something. In order to remain competitive in my niche, I have to keep the handling charges low.

Ebay is now charging 9% of the selling price as their final value fee when something is listed as fixed price or store. There is a listing fee up front of apx. 20-30 cents, plus a fee charged of around 75 cents to a dollar for paypal. International fees are even higher on paypal.

Handling charges on Ebay include such things as: covering at least a portion of the Ebay and Paypal fees; packaging materials, ie. bubble wrap, tissue paper, tape, plastic envelopes, printer ink for the receipts, business card enclosures, free gift enclosures; post office delivery including gas to get to and from the post office, time in the post office; and time. . . that's where the biggest loss occurs. You can never be compensated for your time on Ebay. If you did, the handling charge would be several dollars higher.

My pet peeve is when customers who order bicker about the shipping and handling charges. The way I look at it personally is this. When I order from Ebay, I am having the seller provide a service. I don't have to get in my car and spend gas money and time going to a store to find something. The average trip may take an hour. My time is worth much more than the $2-$3 handling fee that is being charged. I don't have to leave my house. The work has already been done. The seller is my slave. What more could I ask for?

Understand that as a seller, you need to make a statement on your website that explains what is included in your shipping and handling charges. Then tell the buyer not to order if they cannot agree with the charges. This sounds harsh, but if you don't make it clear, you will be contacted and argued with. That takes up more time that you are not being compensated for.

Think about it. It's your choice. Just say it in a nice way to help your buyers understand your handling charges when you sell on Ebay.